Tshepong North

  • JSE: R162.37 -3.24%
  • NYSE:$8.95 -2.08%
  • GOLD:$2 657/oz +0.33%
  • GOLD:R1 524 596/kg +0.21%
  • USD:ZARR17.85 -0.10%
  • At 11:39am, 16 Dec 2024

Overview

Tshepong North is a deep-level underground mining operation in the Free State, near the town of Welkom, some 250km from Johannesburg. Tshepong North is a mature underground operation that uses conventional undercut mining in the Basal Reef while the B Reef is exploited as a high-grade secondary reef. Ore mined is processed at the Harmony One plant, with gold recovered using the gold cyanide leaching process.

As at 30 June 2023

  • Gold Resource: 9.85 Moz
  • Gold Reserve: 0.6Moz
  • LoM: 7 years

Operating statistics FY23

Production

3 354kg / 107 834oz

Grade

4.22g/t

Workforce

3 706

All-in sustaining cost

US$1 708/oz

Operating performance FY23

While Tshepong North completed the planned restructuring process successfully and managed a turnaround in operating free cash that resulted in a positive of R303 million being recorded for FY23 compared to a negative of R503 million in FY22.

As a result of the restructuring of the operation and in line with planning, the operation produced 3 354kg (107 834oz) compared to 3 793kg (121 949oz) in FY22. Tonnes milled for the operation was lower at 795 000 tonnes in FY23 (FY22: 988 0000t) but has however been partially offset by the expected improvement in recovered grade, rising 10% to 4.22g/t (FY22: 3.84g/t).

OUTLOOK FOR FY24

The management team’s main focus will be to continue building on the successful split of the operations and deliver safe profitable production in line with FY24 planning. Production guidance for Tshepong North for FY24 is 99 300oz to 104 500oz.

ESG statistics

Lost-time injury frequency rate

4.63 per million hours worked (FY22: 5.10)

Water intensity (/tonne treated)

1.12Ml FY22: 1.12Ml

Energy intensity (/tonne treated)

0.34GWh (FY22: 0.30GWh)

GHG intensity
(/tonne treated)

0.35t CO2e (FY22: 0.33t CO2e)

Local economic development

R16m (FY22: R15m)

SLP

Tshepong/Phakisa 2018 – 2022 (English)
Tshepong/Phakisa 2018 – 2022 (SeSotho)

Tshepong North

Tel: 057 907 2113

Tshepong South

Tel: 057 916 7244

4PM6+MW Odendaalsrus,
Free State, South Africa